Job Gains Pick Up, Jobless Rate Rises

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America’s employers added 262,000 jobs in February, the biggest gain in four months and double January’s pace, but the new hiring wasn’t sufficient to accommodate a wave of job seekers, and the overall unemployment rate rose to 5.4 percent from January’s 5.2 percent.


The latest snapshot of the country’s employment climate, released by the Labor Department on Friday, showed job gains across a range of industries – from manufacturing and construction to retail and business services. The gain of 262,000 jobs in February was stronger than the increase of 225,000 positions economists had forecasted.


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